On 10 December 2019, the Quoted Companies Alliance (QCA) in conjunction with UHY Hacker Young published the AIM Good Governance Review 2019/2020.
The review looks at AIM company corporate governance disclosures following the AIM Rule 26 changes in September 2018 that required AIM companies to disclose which corporate governance code they have adopted. The review notes that the most common code followed is the QCA Corporate Governance Code—in the survey mentioned below the QCA says that 90% of AIM companies have adopted the QCA Code—and that generally the quality of corporate governance disclosures has continued to improve.
On 26 November 2019, YouGov published a survey ("Corporate Governance on AIM"), of 139 AIM companies about their experience of having to adopt a corporate governance code following the AIM Rule change mentioned above. The QCA noted that 39% of companies said that adopting the QCA Code has helped their business and that as a result of adopting the QCA Code, 40% of companies have disclosed more information to the market.
The AIM Good Governance Review can be found here.
The Corporate Governance on AIM survey can be found here.
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